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Relations Between Hungary and China Forcing EU to Reckon With China

Relations Between Hungary and China Forcing EU to Reckon With China
News Analysis
Shanghai Fudan University, one of the top Chinese universities in the world, has signed a contract to set up a campus in Hungary’s capital, Budapest, triggering strong opposition from local governments and the general public.
“According to Népszava’s survey, only a fifth of all people aware of the situation thinks that it would be beneficial for Hungary,” Daily News Hungary reported on May 17, 2021.
Recently, Direkt36, an independent investigative journalism center in Hungary, cited internal government documents, saying that the cost of the project was as high as €1.6 billion (approximately $1.9 billion), of which Hungary would finance €300 million directly and the remaining €1.3 billion was to be provided by state-owned China Development Bank in the form of loans, which could easily form a debt trap and repeat the mistakes of Sri Lanka, leaving the country under the c ....

Hong Kong , Bruxelles Capitale , Sri Lanka , Heiko Maas , Gergely Kar , Attila Kisbenedek , Panyi Szabolcs , Krisztina Baranyi , Gergely Karacsony , Savo Prelevic , Viktor Orban , China Development Bank , China Construction Group , China Fudan University , European Parliament , Hungary Momentum Movement , National Security , Human Rights Watch , Chinese Communist Party , Shanghai Fudan University , Fudan University , European Union , Momentum Movement , European Parliament Meps , Reporters Without Borders , News Hungary ,

China's $1 Billion Sweetheart Road to Nowhere in Montenegro

China’s $1 Billion Sweetheart Road to Nowhere in Montenegro
Commentary
Montenegro, a tiny Balkan nation of under a million inhabitants and about $5.5 billion in GDP (2019), borrowed $1 billion from China to pay China, to build its first highway, that is now stalled after reaching only 24 percent of its planned length. If that makes your head spin, it’s because China is running circles around this poor little country in Europe’s southeast. And you know what? That country reminds me of America.
Plans for the 170-kilometer (106-mile) highway include 90 tunnels and 40 bridges, all to be built by a Chinese infrastructure company. Now that Montenegro can’t pay back the loan, construction stopped, Europe refused to bail the country out, and clauses in the contract could give China “sovereignty of certain parts of the land,” according to a recent investigation by Hans von der Brelie in EuroNews. ....

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